Innodata Stock Price, News & Analysis

Innodata Inc. (NASDAQ:INOD) will announce its Second Quarter 2021 results on August 5, 2021, before market opening. The announcement will be accessible on their website, specifically in the News and Investor Relations sections.

Additionally, an investor conference call is scheduled for 11:00 AM ET on the same day, with various call-in numbers and a live Webcast available.

Investors can access the replay for 30 days post-call. Innodata specializes in data engineering, utilizing advanced machine learning and AI technologies.

Innodata Inc. (NASDAQ:INOD) has been invited to present at the Needham Virtual Technology & Media Conference on May 19, 2021. CEO Jack Abuhoff will present at 3:45 p.m. EST and will also hold virtual one-on-one meetings with investors. Innodata is a prominent data engineering firm that leverages advanced machine learning and artificial intelligence technologies, supported by a global team of over 3,500 experts. The company addresses significant data challenges for organizations worldwide.

Agility PR Solutions, a subsidiary of Innodata (NASDAQ: INOD), announces its enhanced media monitoring platform now includes global podcast monitoring in six languages. This innovation allows brands to target podcasts effectively and monitor related media mentions. The podcasting industry is projected to reach $1 billion in 2021. This integration with Agility's existing media database of over 1 million contacts positions Agility to exploit the growing demand for podcast-based advertising.

Innodata Inc. (NASDAQ:INOD) reported a total revenue of $16.0 million for Q1 2021, marking a 4% increase from the previous quarter's $15.3 million and exceeding last year's $14.5 million. Despite this growth, net income fell to $0.4 million, or $0.02 per share, down from $1.2 million in Q4 2020. Cash equivalents remained stable at $17.3 million as of March 31, 2021. CEO Jack Abuhoff emphasized the company's focus on operational KPIs, cost management, and growth through secured projects. The earnings call was scheduled for today at 11:00 AM ET.

Innodata Inc. (NASDAQ:INOD) announced an expansion of its AI data engineering capabilities, focusing on synthetic data generation, with a significant new customer win. The company's synthetic data solutions help clients build high-performing AI algorithms when real-world data is scarce or restricted. This includes a recent proof-of-concept delivery to a leading robotics process automation client, aimed at enhancing model accuracy in financial applications across five languages. Innodata’s technology addresses challenges in data complexity and privacy, positioning it well in various industries.

Innodata Inc. (NASDAQ:INOD) will announce its First Quarter 2021 results before the market opens on May 6, 2021. A news release will be accessible on the Innodata website in the News and Investor Relations sections. An investor conference call is scheduled for 11:00 AM ET on the same day, with call-in numbers provided for both domestic and international participants. A live Webcast will be available, and replays can be accessed for 30 days following the call. Innodata specializes in data engineering, utilizing advanced machine learning and AI technologies.

Innodata Inc. (NASDAQ:INOD) announced that its 2021 annual meeting of shareholders is scheduled for June 8, 2021, at 11:00 AM Eastern Time, to be held virtually due to COVID-19 concerns. Shareholders of record as of April 12, 2021 are eligible to vote. Innodata is a leading data engineering company that utilizes machine learning and artificial intelligence technologies to assist global clients with data challenges.

Innodata Inc. (NASDAQ:INOD) recently announced an amendment to its contract with a leading social media platform, expanding AI services worth up to $7 million for 2021. This amendment could potentially increase revenue from this client by 35 times compared to the previous year. The demand for AI services in social media is projected to reach $2.6 billion by 2023, reflecting a CAGR of 28.6%. Innodata specializes in AI solutions that enhance algorithm performance, improve user experience, and combat misinformation.

Innodata Inc. (NASDAQ: INOD) reported Q4 2020 revenues of $15.3 million, marking a 5% increase from Q3 2020 and up from $14.7 million in Q4 2019. Net income reached $1.2 million or $0.05 per basic share, improving from a net loss of $0.5 million year-over-year. For the full year, revenues grew to $58.2 million, a 4% increase from 2019, with net income of $0.6 million, recovering from a $2.1 million loss in 2019. The company plans to expand its sales team to 98 members by year-end to capitalize on growth opportunities in its industry.